FIS Technical – Panamax

FIS Technical – Panamax

Technically the index remains corrective within a bull phase. Downside price action is considerably slower than the previous bear phase indicating the index remains vulnerable to further upside moves at this point whilst the RSI is in bull territory. Price action below USD 15,414 would neutralize the current bull phase.

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Near-term zinc price action is bullish for the rolling 3-month contract as it has broken fractal resistance. However, the RSI 50.87 is more neutral than bullish indicating there remains the potential for a momentum pullback. https://t.co/1eggIroybP